Baku, Azerbaijan, Sept.4
By Leman Zeynalova – Trend:
Azerbaijan has more than tripled the volume of methanol production in January-July 2019 as compared to the same period of the last year, Trend reports citing Azerbaijan’s state oil company SOCAR.
“As much as 232,400 tons of methanol has been produced in Azerbaijan in January-July 2019, which is by 3.3 times more than in the same period last year,” said SOCAR.
SOCAR Methanol, the sole of its kind in the South Caucasus and Central Asia, started sales of its products in January 2014.
The plant’s capacity is 650,000-700,000 tons of products per year.
SOCAR acquired the plant from Aqrarkredit non-bank credit organization. The cost of the plant was estimated at $520 million.
---
Follow the author on Twitter: @Lyaman_Zeyn